Urgent short-covering catapulted the future to within a single tick of the 2866.25 target shown in the chart (click on inset). Odds that this Hidden Pivot resistance will turn out to be the top of a bull market that just entered its 11th year seem remote, so we should assume that even if there’s a pause or tradeable pullback from it, buyers will be back again soon and presumably bound for D2=2924.50 (also shown in chart). The pattern from which I’ve extrapolated these numbers meets my strictest criteria, so you should consider the targets and the various Hidden Pivot levels precise, reliable and useful. A further implication is that a swoon to the green line (2776.00), however unlikely, should be regarded as a buying opportunity.
